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Commercial property for auction in Carlisle

Carlisle, CA3 - Get Access

Description

A substantial Town Centre mid terrace property extending to a net internal area of approximately 573 Sq.M / 6,150 Sq.Ft (source - surveyor report provided by vendor). Internally, the accommodation is arranged over three storeys (plus basement) and comprises a former bar / nightclub venue on the ground floor with ancillary accommodation and stores on the upper floors. The property benefits from two access points meaning the upper floors could be separated and potentially converted into residential accommodation (subject to necessary consents). The property fronts directly onto English Street in Carlisle Town Centre close to it's junction with Devonshire Street. A wide variety of neighbouring occupiers include a number of high street banks, national retailers along with independent bars and cafe's. Ground Floor 306 Sq.M (3,300 Sq.Ft) Bar / Nightclub Kitchen W.C. Basement / Cellar 99 Sq.M (1,069 Sq.Ft) Store First Floor 115 Sq.M (1,235 Sq.Ft) Stores Offices W.C. Second Floor 47 Sq.M (505 Sq.Ft) Stores. The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type. Binding contracts will be exchanged at the point of sale. All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws. Auction Deposit and Fees The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts: 10% deposit (subject to a minimum of £5,000) Buyers Fee of 2.4% inc. VAT of the purchase price (subject to a minimum of £2,400 inc. VAT) There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page. This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms. The internal accommodation sizes have been provided by the vendor and not verified by BTG Eddisons.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 6,150 sq ft (Listing)

The property is a substantial mid-terrace building in Carlisle town centre, historically used as a bar/nightclub. The valuation is primarily based on its commercial potential and the potential for conversion to residential use, supported by an analysis of comparable commercial properties in the vicinity. The significant floor area and town centre location are key drivers of value.

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